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My husband borrowed 1530.00 from his 401K but set up a repayment plan with fidelity. we were not given a 1099r

 
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Ashby
New Member

My husband borrowed 1530.00 from his 401K but set up a repayment plan with fidelity. we were not given a 1099r

You will not get a 1099-R. If it is a true loan from his 401k, this is not a taxable transaction. He just repays through his paycheck deduction until it's paid off.

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Ashby
New Member

My husband borrowed 1530.00 from his 401K but set up a repayment plan with fidelity. we were not given a 1099r

You will not get a 1099-R. If it is a true loan from his 401k, this is not a taxable transaction. He just repays through his paycheck deduction until it's paid off.

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